Export-Import Bank of the United States

News about Export-Import Bank of the United States, including commentary and archival articles published in The New York Times.

Chronology of Coverage

Aug. 26, 2014

Export-Import Bank of the United States, which provides loans and loan guarantees to foreign buyers of American products, is becoming unlikely flashpoint in midterm election cycle where no single issues are rallying voters; fight to reauthorize bank is creating divide within Republican Party and giving Democrats way to showcase support for American companies. MORE

Jul. 29, 2014

Op-Ed article by former Sen William E Brock III opposes Congressional effort to close the Export-Import Bank; holds it is vital for companies involved in the global economy, who are forced to compete with entities supported by similar institutions abroad; contends conservative critics would do well to remember that Pres Ronald Reagan supported expansion of the bank, as part of the exceptional economic expansion that occurred during his presidency. MORE

Jul. 15, 2014

Joe Nocera Op-Ed column warns conservative push to remove financing for the Export-Import Bank threatens viability of Boeing, America's single largest exporter, and other large companies that employ hundreds of thousands of people; derides conservative voices like those at the Wall Street Journal who fail to see economic necessity of the bank, which has counterparts around world. MORE

Jul. 14, 2014

Boeing's commercial aircraft chief executive Raymond L Conner says he remains optimistic that Congress will reauthorize funding to the Export-Import Bank, which guarantees billions of dollars in loans to foreign buyers of its airplanes; notes that failure to keep bank running would risk American jobs and put Boeing at an unbeatable disadvantage to Airbus, which receives similar support from European governments. MORE

Jul. 8, 2014

Coalition of business groups and labor unions are pushing lawmakers to approve federal infrastructure spending before transportation projects begin to dry up in August 2014; nation's Highway Trust Fund will be slashed 28 percent on Aug 1, at the height of summer construction, and the Export-Import Bank, which guarantees loans to foreign purchasers of American exports, will have to close its doors by the end of September if Congress does not take action. MORE

Jun. 28, 2014

Debate over government loan guarantees to foreign airlines wanting to buy American-built planes grows more complicated as foreign carriers expand to fly to the United States; Delta claims Export-Import Bank of the US financing is subsidizing foreign competition at the expense of American companies; supporters of loans point to large number of American jobs, particularly at Boeing, created by overseas orders for planes. MORE

Jun. 25, 2014

Editorial criticizes Tea Party Republicans for their odd quest to shut down the Export-Import Bank of the United States; contends agency helps American businesses sell their goods abroad, and shutting it down would cause American companies to lose billions of dollars in overseas orders. MORE

Jun. 24, 2014

Joe Nocera Op-Ed column continues his defense of the Export-Import Bank, warning that new House majority leader Kevin McCarthy seems to have taken up attack against it in order to gain Tea Party support; notes that business groups, policy experts and small businessmen remain united in their support of bank, and have promised a full-court press in the fight against ultraconservatives for its re-authorization. MORE

Jun. 23, 2014

Rep Kevin McCarthy, next House majority leader, says he will allow Export-Import Bank of the United States to expire when its authority is up for reauthorization; says he had decided in previous vote that bank, responsible for supporting American exports, should be phased out. MORE

Jun. 19, 2014

The Upshot; debate over Export-Import Bank of United States, finance provider for American exports, offers look into how modern economies really work, and the ways big business and big government are inevitably intertwined in ways that fans of free markets may not like--but may not be able to avoid. MORE

Jun. 10, 2014

Joe Nocera Op-Ed column criticizes Tea Party campaign to eliminate the Export-Import Bank; argues there is no reason to oppose an agency that promotes exports and American jobs while contributing to revenue; holds push, led by Rep Jeb Hensarling, points up the ideological absurdity of the far-right and could endanger one of the most useful government agencies. MORE

Jul. 11, 2013

Editorial fears Fred Hochberg, Pres Obama's nominee for chairman of Export-Import Bank, could become latest casualty of right-wing effort to derail agencies by refusing to confirm appointees to run them; condemns the holding up of Hochberg's nomination to make it impossible for bank to function. MORE

May. 31, 2012

Pres Obama signs bill that extends the life of the Export-Import Bank through 2014, ending an unexpectedly fierce political fight over an institution dedicated to financing American exports abroad. MORE

May. 16, 2012

Senate approves legislation, 78-20, to extend the life of the Export-Import Bank by three years; conservative opposition, and efforts to kill off the agency, failed to attract much support. MORE

May. 10, 2012

House votes 330-93 to extend the life of the Export-Import Bank of the United States, siding with business groups over conservative activists who wanted Republicans to let the bank's charter lapse on May 31; vote is expected to propel the bill to final passage in the Senate. MORE

Mar. 15, 2012

Amendment for the Export-Import Bank, which facilitates the sale of American goods overseas, has been holding up the jobs bill to aid small businesses while Congress decides whether to grant it more funding; stand-off is dividing Congress and Republicans, many of whom support the bank's reauthorization. MORE

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